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20121201
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. the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until march to file their tax returns. congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off credit card bills that often pile up after the holidays. now all of this could be avoided a deal before the deadline monday night but some long time lawmakers fear it won't happen, more on that
leaving his vacation in hawaii. he has important talks scheduled to avert the fiscal cliff. >>> as we showed you, the senate is back in session. they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated with a dictatorship of the speaker. >> reporter: on top of this the treasurey department said the unite
this holiday in hawaii. this is new video of them arriving at the air force base from overnight. the president said he will be back in washington next week to deal with the budget but he is not the only one leaving town. republicans and democrats, senators and representatives all headed home for the holidays before reaching any agreement on ways to avoid end of the year tax hikes and budget cuts. the house speaker used the gop weekly address to say republicans will maintain their focus on reaching a deal. >> i have challenged the members of our party to grapple with these issues, to make choices and we are willing to because washington has a serious spending problem. this was the year of the size our debt, all 16 trillon dollars of it passed the size of our economy. it's a grim milestone. >> both sides continue to blame the other for not compromising. with no agreement the budget cuts and tax hikes will go into effect january 1st. >> it's more likely than ever that eastern and gulfports will be shut down by a strike. nearly 15,000 dock workers at ports from boston to houston are ready to wa
to remember that day. in hawaii there was a moment of silence followed by a fly over at the time when the bombing started. the surprise attack by the japanese killed 2400 people and was the start of the united states involvement in world war ii. >>> in alameda pearl harbor survivors took part in a ceremony. i 21 gun salute honored the survivors and memories still fresh for those who were still there. one was on the west virginia during the attack. >> i felt six torpedoes hit the port side of the ship. >> it also included a wreath laying ceremony to pay tribute to those who were killed. >>> the beakon on top of mount diablo was lit to remember the attacks, the light turned on at sunset and stayed lit until dawn this morning. it was turned off december 8th 1941 the day after the attack so it would not be a guide for enemy planes. now it's lit once a year to honor those who died. >> some hopeful east bay homebuyers will have the chance to take advantage of a five million dollar pot of money. it's parts of a settlement over fair lending claims. the program happening at the oakland c
sales. >>> hawaii might sound goo. sun, in partly cloudy to the north. highs upper 40s, low 50, cold and breezy. >> thank you, steve. >>> in burlingame, hundreds of people gathered to pay their respects to victims of the connecticut schoal scooting. >> olivia engel, 6. [bell tolling] >> the names were read aloud -- and a aloud and a -- were read aloud and a candlelit for them. >> people in our community are just heartbroken over what's happened in connecticut. we all identify with the parents and with the community. these little children have been killed so horribly. >> one person with a special bond to newtown is betty. she grew up there and her grief was clearly visible during last night's service. >>> more bay area candlelight vigil vigil are scheduled for tonight -- more bay area candlelight vigils are scheduled for tonight at 6:00 and ameral park in plan tonight -- in pleasant tonight. and also there will be one tomorrow. >>> more people are buying guns these days after that tragedy in connecticut. gun owners in oregon, virginia, texas say many are buying guns fearing for their
Search Results 0 to 4 of about 5

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